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X-WR-CALDESC:Events for CREST
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TZID:Europe/Helsinki
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TZOFFSETFROM:+0200
TZOFFSETTO:+0300
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DTSTART:20260329T010000
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DTSTART:20261025T010000
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DTSTART;TZID=Europe/Helsinki:20260309T121500
DTEND;TZID=Europe/Helsinki:20260309T133000
DTSTAMP:20260709T204322
CREATED:20250715T071037Z
LAST-MODIFIED:20260204T091953Z
UID:18239-1773058500-1773063000@crest.science
SUMMARY:Stephen HANSEN (University College London) "Policymakers’ Uncertainty"
DESCRIPTION:[vc_row][vc_column][vc_column_text]Macro seminar\nTime : 12h15 – 13h30 \nDate : 09th  March 2026 \nSalle 3001 \nStephen HANSEN (University College London) “Policymakers’ Uncertainty” \nAbstract: We examine how uncertainty impacts decision-making by the Federal Open Market Committee (FOMC). Drawing from private deliberations\, we quantify the uncertainty types the FOMC perceives and their policy impact. Inflation uncertainty prompts a tighter stance\, unexplained by macroeconomic forecasts or public uncertainty indicators\, particularly when expected inflation nears or exceeds the target. The FOMC’s focus on upper-tail inflation risks explains this response\,\ndiverging from common models of policymaking under uncertainty. Narrative evidence connects tail-risk perceptions to credibility concerns. We thus highlight how the Fed’s risk management contributed to price stability in pre-pandemic decades\, with implications for future monetary policy frameworks.  \nOrganizer :  Alessandro RIBONI \n
URL:https://crest.science/event/stephen-hansen-university-college-london-t-b-a/
CATEGORIES:Macroeconomics,Seminars
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